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Monday, 21 November 2011

Euro Crisis: Spanjards de-elect government

MADRID (RP) The government of Spanish Prime Minister José LuisRodríguez Zapatero is the fifth, which is this year fell on the euroand financial crisis or deselect. His Socialists suffered a historicdefeat. In June, lost in the heavily indebted Portugal, the socialistJosé Sócrates, the election in October cost the dispute over the eurorescue the Slovak Prime Minister Iveta Radičová the majority inparliament and in November took over in Greece and Italy transitionalgovernments, the business of George Papandreou and Silvio Berlusconi.

After counting the votes of 77 percent in Spain, given theconservative Popular Party Mariano Rajoy, PP of 44 percent and thusthe absolute majority. The Socialists came in the early elections to29 percent. The election campaign was mainly determined by theunemployment. The ratio of more than 21 percent, the highest in theEU. Many people accused the Socialist government to have implementedreforms such as cuts in salaries and benefits too late.

The 56-year-old Rajoy is expected to take over power in December. Butit is expected that soon he set out his plans. Spain is under pressurefrom the financial markets, because the interest rates on governmentbonds last snaking on the mark of seven percent. This threshold isconsidered critical. Spain is in proportion to its gross domesticproduct, however, still less in debt than Germany.

Stood for election in Spain 350 MPs and 208 senators. The Socialistshad done, Alfredo Pérez Rubalcaba in the election. Prime MinisterZapatero, after six years in office no longer taken up.

Between the Conservatives and the Greek international creditors of thecountry there is further dispute over the payment of the outstandingloan from the billion-euro rescue package. At a meeting withrepresentatives of the International Monetary Fund, the EuropeanCentral Bank (ECB) and the EU refused to allow the head of the NewDemocracy party, Antonis Samaras, a written statement in support offurther reform. The verbal agreement is sufficient. His party isinvolved in the transitional government under former ECB deputy LucasPapademos.